Headlines for African Home Building News
GREDA President Advises Caution for Home Buyers at Real Estate Fair
Ghana’s Green Estate Market Gains Momentum Amid Rising Demand for Sustainable Housing
Cushman & Wakefield expands into Egypt’s real estate market
Patrick Ebo Bonful, President of the Ghana Real Estate Developers Association (GREDA), has offered important advice to potential home buyers in Ghana to help them avoid challenges in the real estate sector.
He emphasized that thorough research and caution are essential to ensure a smooth home-buying experience and protect one’s investment.
Speaking at the opening of Ghana’s largest real estate and housing fair, organized by the Graphic Communications Group Limited (GCGL) and GREDA, Mr. Bonful highlighted the need for buyers to understand the real estate landscape.
He stressed that careful evaluation of property backgrounds, ensuring the legality of property titles, and hiring reputable real estate agents are key to avoiding risks.
The three-day fair, held at the GHUD Park at Accra Mall, was focused on eco-friendly homes and materials, with the theme, “Green Housing: Safe and Secure Home Ownership, Let the Buyer Beware.” The event features industry players, including developers, financial advisors, and interior decorators, offering insights into financing, insurance, and sustainable building.
Mr. Bonful also pointed to the challenges facing Ghana’s real estate industry and expressed hope for potential support to ease the difficulties.
Societe Generale Ghana (SG Ghana) has introduced an innovative mortgage solution aimed at making homeownership more accessible for Ghanaians. The new product, “Home Sweet Loan SG Ghana,” was officially launched at a vibrant event in Accra.
This launch marks a significant milestone in the bank’s commitment to enhancing financial inclusion and supporting the housing sector in Ghana.
The event, attended by industry experts, financial analysts, and media personnel, featured a compelling speech by SG Ghana’s Managing Director, Hakim Ouzzani.
He emphasized the bank’s dedication to addressing the challenges faced by prospective homeowners in Ghana.
Ghana’s real estate market is shifting towards green and sustainable development due to rising environmental awareness, energy efficiency, and health benefits.
Green estates feature renewable energy, energy-efficient designs, sustainable materials, and water conservation systems.
While high costs and limited awareness present challenges, government incentives and growing demand offer opportunities for innovation and job creation.
As this trend gains momentum, Experts say Ghana is poised to become a leader in sustainable development in West Africa.
Global real estate consultancy Cushman & Wakefield has expanded its footprint with Egypt, which will serve as the firm’s gateway to the Northern Africa part of the MENA region.
With approximately 52,000 employees in 60 countries, Cushman & Wakefield is one of the world’s largest property-focused services firms, offering expertise such as consulting, research, broking, and valuation.
The company’s Middle East arm is currently mainly active in the UAE market, having launched in Dubai in 2008 and expanded into Abu Dhabi in 2015. With the latest foray, Cushman & Wakefield’s regional team is now eyeing further expansion in Egypt, as well as surrounding markets in MENA and Africa.
Source : Africa Home Building News –Joycelyn Marigold
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